The Manufacturers Life Insurance Company Sells 20,071 Shares of KLA Corporation $KLAC

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in KLA Corporation by 3.7%, now holding 518,125 shares valued at $352.2 million.
• KLA Corporation reported $9.38 earnings per share for the last quarter, exceeding analysts' expectations and reflecting a 23.6% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $1.90, which will be paid to stockholders on September 3rd, representing an annual yield of 0.9%.

The Manufacturers Life Insurance Company decreased its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,125 shares of the semiconductor company's stock after selling 20,071 shares during the quarter. The Manufacturers Life Insurance Company owned 0.39% of KLA worth $352,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its holdings in shares of KLA by 9.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,101 shares of the semiconductor company's stock worth $694,000 after buying an additional 94 shares during the period. Quarry LP grew its holdings in KLA by 122.6% during the fourth quarter. Quarry LP now owns 138 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 76 shares during the period. Freestone Grove Partners LP acquired a new stake in KLA during the fourth quarter worth about $12,725,000. Keel Point LLC boosted its position in KLA by 25.3% during the fourth quarter. Keel Point LLC now owns 639 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 129 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of KLA by 200.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 90 shares of the semiconductor company's stock valued at $57,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Analyst Ratings Changes

KLAC has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on KLA from $916.00 to $928.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $920.00 price objective (up from $870.00) on shares of KLA in a research note on Tuesday, July 8th. UBS Group lifted their price objective on KLA from $775.00 to $960.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. TD Cowen boosted their target price on KLA from $800.00 to $900.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Finally, Barclays upped their price objective on KLA from $590.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, KLA currently has an average rating of "Hold" and an average price target of $890.59.

KLA Price Performance

Shares of NASDAQ KLAC traded down $9.55 during trading on Wednesday, reaching $836.81. The company had a trading volume of 361,560 shares, compared to its average volume of 1,138,482. The stock has a market capitalization of $110.42 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48. The stock has a 50-day moving average price of $904.48 and a two-hundred day moving average price of $791.49. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $959.26. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 1.25.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.53 by $0.85. KLA had a return on equity of 112.41% and a net margin of 33.41%.The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $6.60 earnings per share. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. KLA has set its Q1 2026 guidance at 7.760-9.300 EPS. As a group, sell-side analysts predict that KLA Corporation will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a $1.90 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $7.60 annualized dividend and a dividend yield of 0.9%. KLA's dividend payout ratio (DPR) is 25.01%.

Insiders Place Their Bets

In other news, EVP Brian Lorig sold 8,049 shares of KLA stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $913.68, for a total transaction of $7,354,210.32. Following the transaction, the executive vice president directly owned 11,479 shares in the company, valued at approximately $10,488,132.72. This trade represents a 41.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ahmad A. Khan sold 13,716 shares of KLA stock in a transaction on Friday, August 29th. The shares were sold at an average price of $881.50, for a total value of $12,090,654.00. Following the transaction, the insider owned 27,372 shares in the company, valued at approximately $24,128,418. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $29,348,291 in the last quarter. 0.12% of the stock is owned by insiders.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.